Facebook is planning an IPO, and has filed its S-1 today. Among the interesting nuggets contained within:
- The ticker symbol will be, predictably, I guess, FB.
- Facebook claims 845 million active users, 2.7 billion "likes" and "comments" every day, 250 million photos uploaded daily, and 100 billion friendships on the network. We're so used to these kinds of numbers that it's hard to remember that the only legitimate response to this is: Holy Cow! That's an amazing accomplishment for a company so young.
- For some reason, Erskine Bowles is listed as holding 20,000 reserve stock units. There's probably an interesting story there.
- After the IPO prices and the "lock up" period is over, there will still be time for everyone to sell stock, make a zillion dollars, and avoid the 2013 tax hikes on capital gains. This, despite founder Mark Zuckerberg's famous willingness to pay more in taxes.
- 12% of Facebook's 2011 revenue comes from Zynga, the company that brought us Words With Friends and Farmville. That's astonishing, and a little bit disconcerting, since Zynga has reported pretty volatile earnings, and has management issues as well.
- And finally, the crybaby from the movie "The Social Network," Eduardo Saverin, is going to get rich too. I knew you were concerned about that.
Would you buy that stock? And if your answer is yes, could you put a little money aside for the Ricochet S-1, which we'll be filing as soon as we hit $1 billion in revenues, as Facebook did last year.